Carver Federal Savings Bank is pleased to announce a new collaboration with New York Green Bank to promote decarbonization projects throughout New York.

Carver Federal Savings Bank will provide local property owners and contracting type businesses with access to low- cost capital to reduce greenhouse gas emissions sand promote energy efficiency in building projects and other  energy related activities.

Historically, business owners have faced obstacles in acquiring affordable capital, particularly for clean energy and building electrification projects in historically underserved communities.  Carver Federal Savings Bank’s new Loan Facility will help close the gap.

Funding under the program has an allocated component that can be used to support general working capital and other applicable financing needs for Minority Women Business Enterprise contracting concerns and subcontractors working on green energy projects, weatherization, electrification, and green technology.